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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Moonray who wrote (10012)	12/3/1997 11:11:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 22053

Moonray, here's some details on Lehman: RESEARCH ALERT - Lehman cuts 3Com to hold NEW YORK, Dec 3 (Reuters) - Lehman Brothers confirmed on Wednesday it downgraded 3Com Corp and cut earnings estimates for 1998 and 1999 after the company warned late Tuesday its second quarter results would be weaker than expected. -- Cut rating to neutral from outperform. -- Cut fiscal 1998 estimate to $1.00 per share from $2.25 and 1999 estimate to $1.95 from $3.00. -- In a note, analyst Tim Luke said, ''uncertainties remain regarding impact of more inventory cuts, delays in 56K modem standard, outlook for Asian sales and adapters, and pricing issues for lower end systems.'' -- Shares fell 3-5/16 to 32, on heavy volume of 12.8 million shares in mid-morning.

To: Moonray who wrote (10012)	12/3/1997 12:25:00 PM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 22053

Gruntal weighs in: RESEARCH ALERT- Gruntal cuts 3Com EPS view NEW YORK, Dec 3 (Reuters) - Gruntal & Co said analyst David Takata cut second quarter and fiscal 1998 earnings per share esimates for 3Com Corp. -- Q2 cut to $0.02 from $0.52, fiscal 1998 cut to $1.23 from $2.17. -- Company said Tuesday that earnings would be far below estimates. ---------------- Can you guys and gals believe that Paul Johnson, the old USRX bear, raised 3Com from hold (I think) to strong buy, and on CNBC no less, from what I heard. Doesn't make any sense. DK

To: Moonray who wrote (10012)	12/3/1997 12:36:00 PM
From: Dwight E. Karlsen	Respond to of 22053

H&Q weighs in.....RESEARCH ALERT - 3Com cut to hold LOS ANGELES, Dec 3 (Reuters) - Hambrecht & Quist LLC cut its rating on shares of 3Com Corp to a hold after computer networking company 3Com Corp said Tuesday it will cut inventory and report second-quarter earnings below Wall Street expectations. -- cut fiscal 1998 earnings estimate to $0.86 a share from $1.74 a share. Cut fiscal 1998 revenue estimate to $5.6 billion from $6.6 billion. -- expects the company's channel inventory ''will not be fixed on one quarter'' and the company's standard for 56K modems ''has about a 50 pct chance of going through.''